A wave of restructuring and consolidation brought on by baby boomers stepping aside could provide a jolt to legions of European companies accustomed to surviving without innovating, investing or growing
The choices older, risk-averse business owners make on holding or selling will weigh on Continent’s economy down the road
Calligaris President Alessandro Calligaris, 74 years old, last year sold 80% of the Italian furniture maker his grandfather started in 1923 to Alpha Group, a private-equity firm.
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